Oportun appoints Doug Bland as CEO, ending joint leadership structure

Filed April 17, 2026 · Period ending April 13, 2026 · ~1 min read

Key Changes

• high

  Doug Bland appointed CEO and board member effective April 20, 2026, replacing joint Office of the CEO structure with Kathleen Layton and Gaurav Rana, who remain as Chief Legal Officer and SVP General Manager Lending respectively.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Bland brings 30+ years consumer financial services experience, most recently as SVP and General Manager of PayPal's Consumer Business overseeing digital wallets, peer-to-peer payments, buy-now-pay-later, and credit products across a global portfolio.

  Exhibit 99.1 verify on EDGAR →
• medium

  Compensation package includes $750,000 base salary, 125% target bonus, $500,000 signing bonus vesting quarterly, $5 million equity award (50% RSUs, 50% performance-vesting RSUs), and $500,000 cash retention award vesting over three years.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →